Talisker Announces Mining Contractor Mobilization and Initiation of Pre-operation Activities at the Bralorne Gold Project
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Announces Mining Contractor Mobilization and Initiation of
Pre-operation Activities at the Bralorne Gold Project
Toronto, Ontario, January 8, 2025 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX: TSK,
OTCQX: TSKFF) is pleased to report on the advancement of ongoing operational activities at the
Company’s 100% owned flagship Bralorne Gold Project located in British Columbia.
The 2025 Mustang M ine Plan has been completed and reviewed with the relevant inspectors from the
British Columbia Ministry of Mines and Critical Minerals . The final mine plan will be submitted 10 days
before the start of mining operations pursuant to regulatory requirements. Geotechnical mapping of the
Mustang decline and historic 980 level was conducted during November and December with submission
of the Ground Control Management Plan expected by the end of January. A ventilation audit was also
conducted in December and the Mustang Ventilation Plan is expected to be completed by mid-January.
Mobilization of the Mining Contractor (as defined below) is underway and is expected to be completed
towards the end of January.
February will see pre-construction activities occurring at the portal, including additions to the workshop
and storage units, the re-establishment of services (compressed air, water and power) , some ground
support rehabilitation, and installation of ventilation and safety infrastructure. Training of mine rescue
personnel will also take place in February. Development is expected to begin in March at an advance rate
of 6 metres per day on the Mustang 1060 Level, to complete the undercut of the first long hole mining
stope, and on the 1075L, to access and complete the overcut of first stope and future mining zones.
Development is planned to continue at 6 metres per day until August when it is planned to increase to 12
metres per day. Drilling and blasting of the first long hole stope is expected to take place in May with
remaining production from development. Development will be undertaken on the Alhambra, BK and
BK9870 veins.
Terry Harbort, CEO of Talisker stated, “ The onsite team has done a great job in preparing all of the
necessary requirements to restart mining activities at the Bralorne Gold Project. We look forward to
providing updates as we progress development activities.”
For further information, please contact:
Terry Harbort
President and CEO
+1 416 357 0227
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved
by Leonardo de Souza (BSc, AusIMM (CP) Membership 224827), Talisker’s Vice President, Exploration and
Resource Development, who is a “qualified person” within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
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About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and
development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully
permitted Bralorne Gold Project where the Company is currently transitioning into underground
production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage
project with significant exploration potential from an historical high- grade producing gold mine and the
Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and
several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on Talisker’s current belief or assumptions as to the outcome and timing of such future events. In
particular, this press release contains forward -looking information relating to, among other things, the
Company’s operational activities at the Bralorne Gold Project. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set out in forward -looking
information. Those assumptions and factors are based on information currently available to Talisker.
Although such statements are based on reasonable assumptions of Talisker’s management, there can be
no assurance that any conclusions or forecasts will prove to be accurate. In particular, the Company
advises that it does not have defined mineral reserves and it has not based its production decision on a
feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result,
there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost
of such recovery, including increased risks associated with developing a commercially mineable deposit.
Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements to be materially different from any future
results, performance or achievements expressed or impl ied by the forward -looking information. Such
factors include risks inherent in the exploration, development and operation of mineral deposits, including
risks relating to changes in project parameters as plans continue to be redefined, risks relating to
variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand
for and supply of minerals, risks related to increased competition and current global financial conditions,
access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity
risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and
regulatory approvals. Furthermore, historically, projects that are in production without defined mineral
reserves have a much higher risk of economic and technical failure. There is no guarantee that production
will begin as anticipated or at all or that anticipated production costs will be achieved.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is
not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
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Figure 1: Plan View showing Talisker’s Mustang Mine Year 1 Production Plan
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Figure 2: Cross Section showing Talisker’s Mustang Mine Year 1 Production Plan